| Previous | Index | Next |
=2..G BEST'S INSURANCE REPORTS FIRE AND MARINE.
MARYLAND MOTOR CAR 1N SURANCE once, National Automobile Underwriters Conference, New England Automobile Underwriters Conference, Pacific Coast Automobile Underwriters Conference, Southern Automobile Underwriters Conference, Western Automobile Underwriters Conference.
Class of Business Written.— Automobile insurance only, covering fire, loss or damage in transportation, theft, collision and property damage.
Territory— It is licensed in Ala., Ariz., Cal., Colo., Conn., Del., D. C., Fla., Ga., I11., lnd., Ky., La.. Me., Md., Mass., Mich., Minn., Mo., Mont., Neb., N. II., N. J., N. Y., O., Ore., Pa., R. I., S. C., Tenn., Tex., Utah., Vt., Va., Wash., W. Va. and Wis.
Dividends.— In 1912 it paid a dividend of 2% on $100.-000 capital and 2% on $300,000 capital; in 1913-1915, inc., 5%; 1916, 5.5%; 1917, 6%; 1918, 6.75%; 1919, 71/2% on $300,000 capital, the increase of $200,000 not having been paid in until after the dividend period.
Officers.—President, J. Purviance Bonsai; vice-presidents, Chas. B. Reeves, Wm. Whitridge and Leo F. Fitzpatrick; vice-president and secretary, Leo F. Fitzpatrick: treasurer and assistant secretary, II. Ross Barton: assistant treasurer and assistant secretary, A. B. Crisp.
Directors.
Bland, John R„ president IT. S. Fidelity and Guaranty Company, Baltimore.
Bonsai, J. Purviance, president.
Bowdoin, W. Graham, Jr., attorney at law, Baltimore. Fenhagen, James C., Robert Garrett & Sons, bankers, Baltimore.
James, Norman, James Lumber Co.
Keyser, W. Irvine, banker, Baltimore.
Reeves, Charles B., vice-president.
Rieman, Charles E., president Western National Bank, Baltimore.
Riggs, Alfred R., attorney at law.
Ulman, Jacob A., president The Anodion Metal Co., Baltimore.
White, Miles, Jr.. capitalist. Baltimore.
Whitridge, William, banker, Baltimore.
Stockholders' Annual Meeting.— First Tuesday in February.
INCOME, 1919.
Gross premiums written $991.526 21
Less reinsurance 22.930 43
COMPANY OF DELAWARE—Continued.
|
Less return premiums |
232, 311 |
13 |
|
Total net premiums |
$736.284 |
65 |
|
Interest, etc |
25.116 |
77 |
|
Surplus from sale of capital stock |
50,000 |
00 |
|
Other income |
220 |
37 |
|
TOTAL. INCOME |
$811,621 |
79 |
|
DISBURSEMMENTS, 1919. .Net losses paid |
$277, 536 |
39 |
|
Underwriting expenses |
332.465 |
20 |
|
Dividends to stockholders |
2.2,500 |
00 |
|
Syndicate for sale of additional capital stock |
7,500 |
00 |
|
Other disbursements |
7,834 |
37 |
|
TOTAL DISBURSEMENTS |
$647,835 |
96 |
Ratios to Premiums Written.—Losses paid, 37.7%; incurred, 39.1%; underwriting expenses, 45.1%; underwriting loss, 4.7%.
Ratios to Premiums Earned.— Losses incurred, 48.6%; expenses incurred, 57.2%; underwriting loss, 5.8%.
Miscellaneous, 1919.—Net losses incurred, $287.809.75; net risks in force December 31, 1919. $24.624,859: net premiums in force, $687,776.91.
Underwriting Exhibit, 1919.—Premiums earned during 1919, $591,583.22: loss from underwriting profit and loss items. $341.1S; total, $591,242.04.
Losses incurred 'during 1919. $287.809.75; underwriting expenses incurred during 1919, $338,234.27: total, $626,-044.02.
Loss from underwriting during 1919. $34,801.98.
Investment Exhibit, 1919.—Interest. etc., earned during 1919, $26,341.28; profit on investments during 1919, $34.31; total, $26,375.59.
Loss on investments during 1919. $5,266.51: investment
expenses incurred during 1919, $40; total, $5,306.51. Gain from investments during 1919, $21,069.08.
Gain and boss Exhibit, 1919.—Gains: Investments, $21,-
069.08; other sources, $35,641.59; total, $56,710.67. Losses): Underwriting, $34,801.98; dividends. $22,500;
total, $57,301.98.
Surplus, December 31, 1918, $100,493.28; decrease, $591.31: surplus, December 31, 1919, $99.901.97.
MASSACHUSETTS FIRE AND MARINE INSURANCE COMPANY,
95 Water Street, Boston, .[ass.
|
Loans on collateral security |
$40,000 |
00 |
LOSSES: Adjusted, not due, $106,623.53; |
|
|
Interest due and accrued thereon |
137 |
77 |
in process of adjustment, $321,411.47; |
|
|
Bonds and stocks owned (market value) |
1,388,004 |
00 |
total, $428,035; reinsurance, $108,709.83; |
|
|
Interest due and accrued thereon |
10,763 |
39 |
net |
$319,325 |
|
Cash in banks and office |
246,421 |
27 |
Unearned premiums: Fire and miscellane- |
|
|
Agents' balances not over three months due. |
1S3, 328 |
29 |
ous, $520,193.15; inland navigation, |
|
|
Reinsurance recoverable on paid losses |
8,772 |
83 |
$270,245.21; marine, $5,264.79; total |
795, 703 |
|
|
|
|
Salaries, rents, etc |
2,425 |
|
|
|
|
Estimated taxes hereafter payable |
26,485 |
|
|
|
|
Contingent commissions, etc |
138 |
TOTAL ADMITTED ASSETS $1,877,427 55
ADMITTED ASSETS, DECEMBER 31, 1919.
LIABILITIES, DECEMBER 31, 1919.
17
15 35 16 05
TOTAL LIABILITIES, except capital $1,144,076 88
CAPITAL PAID UP 500, 000 00
NET SURPLUS 233,350 67
TOTAL $1,877.427 55
| Previous | Index | Next |